The Copenhagen Stock Exchange or CSE (Danish: Københavns Fondsbørs) is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options. CSE is one of the OMX Exchanges, which was founded in 2003.
Background and Structure The exchange was converted to a limited company in 1996 with share capital issued in a ratio of 60-20-20 to members, issuers of shares, and issuers of bonds. In 1997 the FUTOP Clearing Center A/S, the Danish derivatives market, became a wholly owned subsidiary. FUTOP issues, clears, and guarantees futures and options on shares, indices, and interest rate products. FUTOP products can be traded electronically. In 1998, the CSE and the Stockholmsbörsen formed the NOREX Alliance, a step toward developing a Nordic securities market. Normal trading sessions are from 09:00am to 05:00pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.
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